Monro (NASDAQ:MNRO) Rating Increased to Buy at StockNews.com

Monro (NASDAQ:MNROGet Rating) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Thursday.

A number of other research firms also recently weighed in on MNRO. Zacks Investment Research downgraded Monro from a “hold” rating to a “sell” rating in a research note on Wednesday, March 30th. BMO Capital Markets decreased their price target on Monro from $70.00 to $65.00 in a research note on Thursday, January 27th. Finally, TheStreet downgraded Monro from a “b-” rating to a “c” rating in a research note on Monday, January 31st.

Monro stock opened at $43.49 on Thursday. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.80 and a quick ratio of 0.26. Monro has a 1-year low of $42.84 and a 1-year high of $69.49. The company has a market cap of $1.46 billion, a PE ratio of 22.77, a price-to-earnings-growth ratio of 1.23 and a beta of 1.03. The stock’s 50 day moving average price is $45.11 and its 200 day moving average price is $51.94.

A number of institutional investors and hedge funds have recently bought and sold shares of MNRO. Vectors Research Management LLC purchased a new stake in Monro during the fourth quarter worth $42,000. US Bancorp DE boosted its position in Monro by 21.0% during the third quarter. US Bancorp DE now owns 1,136 shares of the auto parts company’s stock worth $65,000 after purchasing an additional 197 shares in the last quarter. First Mercantile Trust Co. lifted its position in shares of Monro by 22.5% in the third quarter. First Mercantile Trust Co. now owns 1,897 shares of the auto parts company’s stock valued at $109,000 after acquiring an additional 349 shares in the last quarter. Maverick Capital Ltd. purchased a new stake in shares of Monro in the third quarter valued at $119,000. Finally, Mutual of America Capital Management LLC lifted its position in shares of Monro by 5.5% in the first quarter. Mutual of America Capital Management LLC now owns 4,834 shares of the auto parts company’s stock valued at $214,000 after acquiring an additional 252 shares in the last quarter.

Monro Company Profile (Get Rating)

Monro, Inc provides automotive undercar repair, and tire sales and services in the United States. It offers replacement tires and tire related services; routine maintenance services on passenger cars, light trucks, and vans; products and services for brakes; mufflers and exhaust systems; and steering, drive train, suspension, and wheel alignment.

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